Small Business Turnover Drops 50%

Daily Twitter round-up by peter_IFAMAG

The situation for small businesses fairing the economic crisis seems dire as the ONS reveals 25% have seen turnover drop 50%. Though super rich and tax avoiding firms are also feeling the pinch. French tourism braces for disaster as Ryanair maintains move forward.

Andy Verity highlights the ONS figures on small businesses – check out the rest of this thread.

These stats just released by the Office for National Statistics tell you something of the extremity of the predicament thousands of small firms are in: https://t.co/wgMC20lCLc. 25% of firms have seen turnover drop 50% or more.

PM’s former top envoy to business, now an MP, says aviation sector needs cancellation of air passenger duty NOT a 14 day quarantine… significant backlash from the sector about jobs impact of the Home Office-led policy for airlines, airports & aerospacehttps://t.co/5HZRtKF9HV

France is expected to announce a 1.5 billion euro plan today to relaunch the tourism industry. A quarter of the country’s restaurants are threatened with permanent closure. This summer season is expected to be a disaster #COVIDー19 /1